Sunday, June 29, 2014

Technical Analysis June 2014: OLDTOWN (5201)

OLDTOWN BERHAD 

Observation from Chart:-

OLDTOWN keep on forming higher high & higher low.
How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K pending trigger BUY call.

Immediate resistance @ RM2.28 level. 
Subsequent resistance @ RM2.35 level.

Immediate support @ MA20 level which is RM2.18 support level.
Subsequent support @ RM2.08 level.

Let's watch closely.

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